AMMAN —
Capital Bank Group announced on Wednesday that it has succeeded
in issuing the first $100 million perpetual loan bonds, the first of its kind
in Jordan for bonds classified under the additional "Tier1 A" capital,
according to Jordan News Agency, Petra.
اضافة اعلان
The bank said in a statement that the
issuance, which was managed by Capital Invest, the investment arm of the
Capital Bank Group, attracted significant investor interest and was
oversubscribed with more than double the initial value offered. It added that
the subscribers came from Jordan and the region.
Next week, Capital Bank is scheduled
to ring the opening bell on the Nasdaq Dubai to celebrate the listing of the
bonds, which is the first listing received by this stock exchange in the new
year.
"We are proud of the success of
this issuance, which demonstrates the confidence enjoyed by the Capital Bank
Group and the strength of its financial position,"
Basem Khalil Al-Salem, chairman
of the Capital Bank Group, said, noting that the choice of Nasdaq Dubai to list
the issuance aimed to give investors from outside Jordan the opportunity to
invest in the Jordanian banking sector.
CEO of Capital Bank Daoud Ghoul said
that the issuance proceeds will be used to strengthen the capital base of
Capital Bank. He said that the loan will also be used to support the bank's
expansion plans, including the launch of the digital bank Blink in Jordan and
Iraq, the recent acquisition of
Societe Generale Bank-Jordan, and expansion in
the Saudi market.
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